The Jamaican dollar lost ground against the British pound, the US and Canadian dollars, on Wednesday as authorized dealers purchased the equivalent of US$31,732,868 versus US$30,942,384, on Tuesday, and sold the equivalent of US$31,966,559 compared with US$29,655,767 on Tuesday.
In US dollar trading, dealers bought US$28,285,332 compared to US$27,266,191 on Tuesday. The buying rate for the US dollar gained 1 cent to $112.92 and US$30,430,998 was sold versus US$27,247,706 on Tuesday. The selling rate climbed 5 cents to $113.49. The Canadian dollar buying rate declined 97 cents to $98.08 with dealers buying C$1,061,213 and selling C$835,588, at an average selling rate that rose 13 cents, to $100.44. The rate for buying the British Pound rose 83 cents to $175.89, for the purchase of £1,529,272, while £406,362 was sold, the rate climbed 87 cents to $178.21. Other currencies bought, amounted to the equivalent of US$143,573, while the equivalent of US$157,923, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 7 cents higher at $113.70, the lowest buying and highest selling rates are unchanged at $93.10 and $119.30 respectively, but the lowest selling rate rose $17.40 to $110.50. The highest buying rate for the Canadian dollar fell 5 cents to $100.80, the lowest buying rate and highest selling rates are unchanged at $80.51 and $103.79 respectively. The lowest selling rate climbed 55 cents to $97.55. The highest buying rate for the British Pound, ended up 90 cents to $179. The lowest buying rate rose $4.06 to $143.26, the highest selling rate remained unchanged at $184.68 and the lowest selling rate gained $1.65 to $174.25.
J$ lost further ground on Wednesday
No declining stocks in Trinidad
Scotiabank T&T closed with a bid at $5.76 for 6,695 shares, as the price continues to recover.
At the close of the market, the Composite Index rose 0.67 points to close at 1,143.17, the All T&T Index put on 1.33 points to close at 1,968.01 and the Cross Listed Index remained at 41.69.
Gains| Stocks increasing in price, at the close are, ANSA McAL traded 19,610 shares valued at $1,300,143, to close with a gain of 12 cents, at $66.30. Clico Investment Fund with 40,340 shares valued at $911,514 trading, advanced by 10 cent, to end at $22.60, Scotiabank’s stock price increased by 15 cents, to end the day at $58.70, while trading 1,120 shares. The bid at the end of trading stood at $5.76 to buy 6,695 shares and Trinidad Cement contributed 29,488 shares and closed 5 cents higher at $2.15.
Declines| There were no stocks declining at the end of trading on Wednesday.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Angostura Holdings traded 1,057 shares at $12.76. Firstcaribbean International Bank traded 9,130 shares at $5, First Citizens Bank traded 277 shares to close at $36.76, Grace Kennedy put through 3,854 shares to close at $3.84, Jamaica Money Market Brokers traded 221,395 shares valued at $99,628 and ended at 45 cents. Massy Holdings with 2,000 shares valued at $136,900 ended at $68.45, National Commercial Bank closed at $1.10 while trading 93,370 shares. National Enterprises added 830 shares, to end at $17.47, One Caribbean Media contributed only 100 shares as the price closed unchanged at $25.10, Sagicor Financial Corporation traded 6,000 shares at $6.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 1 stock with the offer that was lower.
J$ lost ground on Tuesday
The Jamaican dollar lost ground against the US and Canadian dollars, but made moderate gains versus the Pound, on Tuesday. Authorized dealers purchased the equivalent of US$30,942,384 versus US$41,044,618, on Monday, and sold the equivalent of US$29,655,767 compared with US$38,006,185 on Monday.
In US dollar trading, dealers bought US$27,266,191 compared to US$36,252,056 on Monday. The buying rate for the US dollar climbed 13 cents to $112.91 and US$27,247,706 was sold versus US$35,613,463 on Monday. The selling rate edged up 6 cent to end at $113.44. The Canadian dollar buying rate gained $1.33 to $99.05 with dealers buying C$1,800,095 and selling C$1,322,546, at an average selling rate that rose 44 cents, to $100.31. The rate for buying the British Pound dipped 43 cents to $175.06, for the purchase of £1,216,130, while £712,469 was sold, the rate fell 7 cents to $177.34. Other currencies bought, amounted to the equivalent of US$211,675, while the equivalent of US$124,830, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 3 cents higher at $113.63, the lowest buying and highest selling rates are unchanged at $93.10 and $119.30 respectively, but the lowest selling rate dropped $1.59 to $93.10. The highest buying rate for the Canadian dollar rose 5 cents to $100.85, the lowest buying rate gained 71 cents to $80.51, the highest selling rate slipped 16 cents to close at $103.79. The lowest selling rate remained unchanged at $97. The highest buying rate for the British Pound, remained at $178.10. The lowest buying rate fell $4.02 to $139.20, the highest selling rate moved up 11 cents to $184.68 and the lowest selling rate gained 10 cents to $172.60.
Scotiabank on the mend & climbing
The price of Scotiabank shares, continue to mend on the Trinidad Stock Exchange, with the price closing up at the end of trading on Tuesday, on moderate volume. Importantly, at the end of trading, there were 28,445 units on the bid to buy at 10 cents over the closing price. There were no stocks offered for sale, an indication that the price will be moving up.
The market closed with 10 securities changing hands of which 2 advanced, 2 declined and 6 traded firm, with a total of 204,322 units, valued at $1,065,639, trading. The Composite Index of the market rose 0.47 points to close at 1,142.50, the All T&T Index gained 0.88 points to close at 1,966.68 and the Cross Listed Index increased by a mere 0.01 points to end at 41.69.
Gains| Stocks increasing in price at the close are, Scotiabank increased by 19 cents to end the day at $58.55 while trading 2,697 shares worth $157,855, and Trinidad Cement contributed 10,000 shares and closed 5 cents higher at $2.10.
Declines| The stocks declining at the end of trading are, Agostini’s traded just 171 units but fell 1 cent to $17.33 Guardian Holdings suffered a loss of 1 cents to close at $13.49.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 2,595 shares with the price remaining at $22.50, First Citizens Bank traded 900 shares to close at $36.76, Grace Kennedy with 640 shares ended at $3.84. National Enterprises added 5,000 shares, valued at $87,350, to end at $17.47, Sagicor Financial Corporation with 91,500 shares changing hands, for a value of $548,950, closed at $6 and Scotia Investments with 89,000 shares trading for $129,050, closed at $1.45.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and no stock with the offer that was lower.
J$ make moderate gains on Monday
The Jamaican dollar made moderate gains against the US and Canadian dollars, but lost value versus the Pound, on Monday. Authorized dealers purchased the equivalent of US$41,044,618 versus US$39,675,612 on Friday, and sold the equivalent of US$38,006,185 compared with US$33,292,725 on Friday.
In US dollar trading, dealers bought US$36,252,056 compared to US$35,055,562 on Friday. The buying rate for the US dollar fell 20 cents to $112.78 and US$35,613,463 was sold versus US$30,800,856 on Friday. The selling rate edged down 1 cent to end at $113.38. The Canadian dollar buying rate declined $1.46 to $97.72 with dealers buying C$1,766,296 and selling C$745,287, at an average selling rate that fell 55 cents, to $99.87. The rate for buying the British Pound climbed 17 cents to $175.48, for the purchase of £1,822,726, while £889,297 was sold, at the same rate of $177.41, as on Friday. Other currencies bought, amounted to the equivalent of US$426,068, while the equivalent of US$344,734, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 3 cents higher at $113.60, the lowest buying rate rose 25 cents to at $93.10. The highest selling rate remained $119.30 but the lowest selling rate dropped $15.81 to $94.69. The highest buying rate for the Canadian dollar fell 20 cents higher to $100.80, the lowest buying rate remained unchanged at $79.80, the highest selling rate climbed $1.05 to close at $103.95. The lowest selling rate climbed 85 cents to $97. The highest buying rate for the British Pound, rose 30 cents to $178.10. The lowest buying rate fell 12 cents to $143.22, the highest selling rate moved down 22 cents to $184.57 and the lowest selling rate declined 20 cents to $172.50.
Grace trades 9.3m shares for $561M
Grace stock traded 9.3m shares for $579M
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index lost 59.11 points to 74,562.05, the JSE All Jamaican Composite index fell 66.09 points to close at 82,082.04 and the JSE combined index declined by 30.14 points to close at 76,473.77.
Gains| Stocks gaining at their last traded prices, at the end of trading in the main market are, Caribbean Cement concluded trading with 4,375 shares, 14 cents higher, to $2.40, Carreras finished trading with 2,073 shares changing hands, with a $1 gain at $37. National Commercial Bank closed with 748,862 shares while gaining 25 cents to $19.25, Sagicor Group finished with 48,850 units to close with a gain of 8 cents at $9.99 and Sagicor Real Estate Fund saw trading in 117,463 units to close with a gain of 15 cents to $6.85.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes with 4,611 shares changing hands, to close at $4.85, Jamaica Money Market Brokers ended trading with 6,000 ordinary shares at $7. Kingston Wharves closing trading with 21,297 shares at $6, Proven Investments had 57,114 shares changing hands, at 17.30 US cents and Radio Jamaica concluded trading with 9,000 shares changing hands to close at $1.18.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ended with 39,733 units, the price slipped 2 cents to 43 cents, Grace Kennedy closed with 9,349,668 shares trading 59 cents lower at $60.01, Palace Amusement finished with only 100 shares with a loss of $11 to $66 and Scotia Group finished trading with 34,750 units to fall 50 cents to $19.50.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 4,000 units at $2.
T&TSE quietly looking better
Trading on the Trinidad Stock Exchange on Monday, was moderate, with 11 securities changing hands, of which 3 advanced, 2 declined and 6 traded firm, with a total of 553,708 units, valued at $4,694,056.
At the close of the market, the Composite Index lost 0.89 points to close at 1,142.03, the All T&T Index rose 0.61 points to close at 1,965.80 and the Cross Listed Index declined by 0.32 points to end at 41.68.
Gains| Stocks increasing in price at the close are, National Enterprises traded 17,166 units valued at $299,890, gained 2 cents to end at $17.47, Scotiabank gained 10 cents, to end at $58.36 while 100 shares traded and Scotia Investments contributed 20,954 shares and ended 4 cents higher at $1.445
Declines| The stocks declining at the end of trading are, Massy Holdings traded 100 shares to close with a loss of 2 cents, at $68.45 and National Commercial Bank with 308,550 shares changing hands for a value of $339,832 to fall 5 cents to $1.10.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Ansa Mcal with 500 shares traded, to close $66.18. Clico Investment Fund with 152,040 shares valued at $3,420,900, remained at $22.50, First Citizens Bank traded 3,745 shares valued $137,666 to close, at $36.76, while Guardian Holdings added 20,000 shares valued at $270,000 to end at $13.50. Jamaica Money Market Brokers with 5,373 shares changing hands at 45 cents and Sagicor Financial Corporation with a volume of 25,250 shares being traded for $151,500 to close at $6.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and none with offers that were lower.
J$ loses against US & Canadian
The Jamaican dollar lost value against the US and Canadian dollars, but made moderate gain versus the Pound, on Friday. Authorized dealers purchased the equivalent of US$39,675,612 versus US$24,125,862 on Thursday, and sold the equivalent of US$33,292,725 compared with US$22,806,454 on Thursday.
In US dollar trading, dealers bought US$35,055,562 compared to US$20,663,189 on Thursday. The buying rate for the US dollar climbed 17 cents to $112.98 and US$30,800,856 was sold versus US$20,336,084 on Thursday. The selling rate inched up 5 cents to end at $113.39. The Canadian dollar buying rate climbed 29 cents to $99.19 with dealers buying C$2,161,974 and selling C$1,751,164, at an average selling rate that rose 58 cents, to $100.42. The rate for buying the British Pound climbed 45 cents to $175.31, for the purchase of £1,502,657, while £392,826 was sold, at $177.41, down 5 cents. Other currencies bought, amounted to the equivalent of US$390,500, while the equivalent of US$326,350, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 5 cents higher at $113.57, the lowest buying rate remained at $92.85. The highest selling rate rose 32 cents to $119.30 but the lowest selling rate was unchanged $110.50. The highest buying rate for the Canadian dollar climbed 70 cents higher to $101, the lowest buying rate gained 29 cents to end at $79.80, the highest selling rate fell 3 cents to close at $102.90. The lowest selling rate climbed 35 cents to $96.15. The highest buying rate for the British Pound, dropped 30 cents to $177.80. The lowest buying rate rose 50 cents to $143.34, the highest selling rate moved up 64 cents to $184.79 and the lowest selling rate gained 60 cents to $172.70.
Witco jumps $1.96 as 9 stocks fell on TTSE
West Indian Tobacco closed $1.96 higher to a new 52 weeks high in trading on the Trinidad Stock Exchange, on a day when 16 securities changed hands of which 5 advanced, 9 declined and 2 traded firm, with a total of 997,076 units, valued at $6,925,563.
At the close of the market, the Composite Index rose 1.79 points to close at 1,142.53, the All T&T Index gained 3.42 points to close at 1,964.40 and the Cross Listed Index increased by a mere 0.02 points to end at 42.00.
Gains| Stocks increasing in price at the close are, Grace Kennedy contributed 78,458 shares with a value of $301,244, while gaining just 1 cent to $3.84, Republic Bank with 63 units at closed at $119.97 with a gain of 7 cents. Scotiabank gained 5 cents in trading 80 shares at $58.22, Trinidad Cement with 500 shares closed 2 cents higher, at $2.02 and West Indian Tobacco gained $1.96 to end the day at $121 while trading only 251 shares.
Declines| The stocks declining at the end of trading are, Ansa Merchant Bank traded 1,000 at $39.41 down by 1 cents and Massy Holdings fell 2 cents to close at $68.47.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 100,340 shares valued at $2,260,353 closed unchanged at $22.50, Firstcaribbean International with 515,650 shares changing hands for a value of $2,578,250 closed at $5, First Citizens Bank traded 2,663 shares at $36.75. Guardian Holdings traded 1,000 units at $13.50, followed by Jamaica Money Market Brokers with 249,259 shares valued at $112,166, to close at 45 cents, National Commercial Bank with 5,000 shares ended at $1.15, One Caribbean Media added 15,225 shares valued at $382,147, to close at $25.10, Prestige Holdings traded 4,000 units at $9.56 and Sagicor Financial Corporation traded 8,997 shares to close at $6.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and none with offers that were lower.
J$ gains loses value on Wednesday
The Jamaican dollar lost value against all three major currencies it regularly trades with, on Wednesday. Authorized dealers purchased the equivalent of US$33,277,310 versus US$31,456,476 on Tuesday, and sold the equivalent of US$38,330,838 compared with US$34,496,767 on Tuesday.
In US dollar trading, dealers bought US$28,763,554 compared to US$27,663,380 on Tuesday. The buying rate for the US dollar climbed 2 cents to $112.72 and US$35,577,230 was sold versus US$31,954,441 on Tuesday. The selling rate inched up 9 cents to end at $113.32. The Canadian dollar buying rate fell $1.34 to $97.38 with dealers buying C$1,031,476 and selling C$1,168,977, at an average selling rate that was up 78 cents, to $100.39. The rate for buying the British Pound gained $1.40 to $175.86, for the purchase of £1,888,280, while £771,755 was sold, at $177.80, up $1.36. Other currencies bought, amounted to the equivalent of US$676,80, while the equivalent of US$507,080, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 4 cents higher at $113.49, the lowest buying rate was unchanged at $92.69. The highest selling rate was up 21 cents to $118.98 but the lowest selling rate rose $16.66 to $111. The highest buying rate for the Canadian dollar was unchanged at $100.20, and so was the lowest buying rate that ended at $79.85, the highest selling rate closed 21 cents higher at $102.93. The lowest selling rate rose 20 cents to $96.20. The highest buying rate for the British Pound, dipped $1.25 to $177.50. The lowest buying rate and the lowest selling rate remained unchanged at $142.26 and $171.40 respectively. The highest selling rate moved down $3.45 to $182.20.
